Can you risk NOT having Cyber Insurance coverage?
Do You Know What a Data Breach Could Cost You?
Hint: It could be everything
WARNING The Results May Shock You
Sure, you might know that there are "some" monetary repercussions of suffering a data breach, like the costs associated with notifying the individuals involved, but what about the rest? Rely on word of mouth or referrals? Customers may not be so quick to refer a company that compromised their data.
Healthcare Organizations at Risk
67% of healthcare breaches were caused by negligence
Internal mistakes are causing twice as many breaches as external forces like hacking. The best way to prevent an incident? Education and preparation.
Oxford Academic Journal of Cybersecurity
Less than 6% of their budget is in cybersecurity
10% of healthcare organizations and their business associates lowered spending on security. Instead of modernizing to combat their threats, they're ignoring the problem.
CyberPolicy, Identify Experts Corp
How to Calculate Your Cost
Enter the number of customers' data you have access to and choose between three types of data breaches:
Press "Calculate" to see what a breach could cost you! Hover over any of the associated costs to learn more.
How Can Cyber Insurance Help?
Cyber criminals access your network by leveraging human error. From fraudulent wire transfers to ransomware, you're covered.
Investigation & Notification
Security incident? Time to investigate exactly who and what was compromised through our verified vendors that will help you from investigation to notification.
Who wants to work with a company that lost customer data? Don't worry, the reputational damage can be handled with experienced PR support, provided for you.
All these costs add up, how can you afford it? With cyber insurance, you don't have to. From fines & penalties to legal and liability expenses, we've got you covered.
Why Do I Need Cyber Insurance?
But I have business insurance...
Unfortunately, not all standard business or malpractice insurance policies cover cyber events like data breaches, ransomware, and business email compromise, or the expenses associated with them. It's important to understand what coverage is included in a cyber insurance policy so you can be sure to choose the one that best fits your business needs.
I'm a pretty small company, I think I can risk it.
We wish it was that easy! 64% of small to medium-sized businesses surveyed reported suffering a cyber attack. What's worse? Less than 2% believe the attack had no impact on their business. Most common hurdles after an attack? Money, time/effort, and data loss.
Underserved and Unprepared: The State of SMB Cyber Security in 2019
How do I know if I need cyber insurance?
Collect payment information online? Have a database of personal information like medical records? Digitally store employee information like Social Security numbers? Located in any of the 50 United States each with differing Breach Notification Laws? Have to comply with HIPAA? If you answered yes, then you should have a cyber insurance policy.
Protect your business
from going out of business
Don't wait until it's too late. We've got the proper proactive measures that can not only minimize the chances of you experiencing a cybersecurity incident but, can help cover the associated expenses if one does occur. Contact us today to go over our next-to-none security services and cyber insurance policies so we can help you establish a security program that fits your client's needs.
Copyright 2019, HIPAA Secure Now